Examlex
The major advantage ostatistics is that they give your ideas numerical precision.
Binomial Distribution
A statistical distribution representing the number of successes in a fixed number of independent trials, with each trial having two possible outcomes.
Symmetric
A shape or distribution where one half is a mirror image of the other half, indicating that the data values are equally spread around the center.
Probability of Success
The likelihood or chance that a specific event or outcome will occur, often represented as a percentage or a value between 0 and 1.
Discrete Random Variable
A variable that can take on a finite or countably infinite number of values, representing outcomes of a random process.
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